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Cannabis Vaporizer Market Size - By Product Type, By Ingredient, By Heating Method, By Power Source, By Usage, By Price, By Distribution Channel, Growth Forecast, 2025 - 2034
Report ID: GMI8199
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Published Date: September 2025
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Report Format: PDF
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Authors: Avinash Singh, Sunita Singh
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Base Year: 2024
Companies covered: 15
Tables & Figures: 210
Countries covered: 18
Pages: 250
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Cannabis Vaporizer Market
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Cannabis Vaporizer Market Size
The global cannabis vaporizer market size was estimated at USD 5.7 billion in 2024. The market is expected to grow from USD 6.5 billion in 2025 to USD 21.4 billion in 2034, at a CAGR of 14.2%, according to Global Market Insights Inc.
The global push for cannabis legalisation, particularly for recreational use, is greatly expanding the consumer base for vaporizers. With the laws more relaxed around the world, new users are tapping into a new market and are more open to new methods of consumption. With their discreet nature, ease of use and often easier to accept socially compared to smoking, vaporizers are the first consideration for first time or casual consumers.
Legalization has also opened commercial avenues for vendors and manufacturers. Businesses can invest in product development, product marketing, and product distribution with more certainty due to the defined regulatory framework. Licensed dispensaries and e-commerce distributors can produce and sell a wide variety of vaporizer products such as pens and tabletop versions. As the market for vaporization evolves, technology continues to improve, consumer choice expands, there is improved product safety and liability, developments made by both competitors and industry leaders push the market forward.
As public awareness about the risks associated with smoking increases, an eager consumer base seeks out safer alternatives. Vaporization can thermalize cannabinoids without the resulting harmful byproducts that come from combustion. This is appealing for health-conscious recreational users who prefer a healthier option or to precisely dose just enough, as well as their medical patient counterparts that want to minimize the irritation of their lungs, stomach, and throat.
Portable cannabis vaporizers are taking the market by storm due to their convenience that easily fit into appealing modern lifestyles. These devices are small enough to stow away easily, while also allowing users to use them discreetly and on-the-go while enjoying cannabis without the need for setup or bulk of traditional methods. This means convenient usage for quickly approachable millennial and Gen-Z consumers, professionals, and for those looking for maximum flexibility and subtlety while fulfilling their cannabis consumption habits, whether that's to take a break during a long meeting.
Europe leads market share in cannabis vaporizer products because of well-defined bilateral frameworks notably around medical cannabis environment for price wave acceptance. This clarity supports consistent product standards promotes innovation and enables integration into health and wellness channels. European consumers are becoming more interested in vaporizers due to their cleaner, non combustion experience. The regions emphasis on wellness sustainability and discreet use aligns with the characteristics of modern vaporizer devices increasing demand across both therapeutic and recreational segments.
13% market share
The collective market share in 2024 is 35%
Cannabis Vaporizer Market Trends
The vaporizer market is growing as cannabis law continue to liberalise across the globe. This increase in cannabis legalisation both opens consumer access and encourages investment and innovation by manufacturers. When the regulations around cannabis are clearer, manufacturers feel more confident to invest their resources to develop and market new vaporizer products.
Cannabis Vaporizer Market Analysis
Based on product type, the market is divided into portable and tabletop. In 2024, portable held the major market share, generating a revenue of USD 4.3 billion.
Based on the usage, the cannabis vaporizer market is segmented into medical and recreational. The medical segment held the largest share, accounting for 67% of the global market in 2024.
Based on the ingredient, the cannabis vaporizer market is segmented into dry-herb, oil and hybrid. The dry-herb segment held the largest share.
In 2024, the U.S contributed significantly to the North America cannabis vaporizer market, generating revenue of USD 980 million.
Europe cannabis vaporizer market is leading the market and growing at a CAGR of 15.4% during the forecast period.
Asia Pacific cannabis vaporizer market is growing at a CAGR of 11.4% during the forecast period.
Latin America cannabis vaporizer industry is growing at a CAGR of 14.7% during the forecast period.
Cannabis Vaporizer Market Share
The top 5 companies in the market are Pax Labs, DaVinci Vaporizer, Grenco Science, STORZ & BICKEL, Boundless Technology contributing around approximately 35% of the market in 2024.
These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broad customer base, and strengthen their market position.
Pax slabs is one of the market leaders of cannabis vaporizer products, known for its simple and elegant designs, as well as its integration of smart technology into its easy-to-use platform. They value product reliability, product safety, and discretion, to provide premium portable vaporizers for tech savvy consumers. It has numerous retail and e-commerce partners, and its focus on user driven transformation and sustainability has given Pax a reputation of a trusted brand in both medical and recreational cannabis vaporizer products.
DaVinci vaporizer creates high quality vaporizers made with precision engineering, purity, control and discretion. It caters to health focused users looking for high performance products with a clean vapor path and each device has temperature customization. The brand is anchored in minimalist design and durable devices with great performance. It continues to focus on sustainable product development and educating consumers, leading to consumer trust, reliability and comfort.
Cannabis Vaporizer Market Companies
Major players operating in the cannabis vaporizer industry are:
Apollo AirVape has developed portable vaporizers that integrate superior heating technology with minimalist aesthetics. The company focuses on consumers who fit a lifestyle-oriented model, and appreciate the convenience and performance offered by Apollo AirVape. The company is committed to sustainable design, and consumer satisfaction. An additional factor that sets the company apart from other vaporizers is that the devices can be used with both dry herbs and concentrates.
Grenco Science is a lifestyle driven vaporizer brand primarily recognised for its G Pen line of products. The range of vaporizers incorporates a unique multifunctional design and offers a solid value per price point. The company facilitates the demand of an extensive group of people through hybrid compatibility and user centred design. It continues to sell vaporizer by collaboration, consumer preference of comfort, discretion and cultural relevance across multiple influential markets.
Cannabis Vaporizer Industry News
The cannabis vaporizer market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) and volume (Thousand Units) from 2021 to 2034, for the following segments:
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Market, By Product Type
Market, By Ingredient
Market, By Heating Method
Market, By Power Source
Market, By Usage
Market, By Price
Market, By Distribution Channel
The above information is provided for the following regions and countries: